Dutch firm raises stake in Alaska

this story was taken from www.inq7money.net
URL: http://money.inq7.net/topstories/view_topstories.php?yyyy=2006&mon=01&dd=03&file=8

Dutch firm raises stake in Alaska
Posted: 3:34 AM Jan. 03, 2006
Elizabeth L. Sanchez
Inquirer

Published on page B1 of the January 3, 2006 issue of the Philippine Daily Inquirer

DUTCH dairy cooperative Campina B.V. has beefed up its stake in milk products manufacturer Alaska Milk Corp. to 7.9 percent. Campina chief executive officer Justinus Sanders reported to the Philippine Stock Exchange yesterday that Campina has already acquired 71 million shares of Alaska, or 7.9 percent of the local firm's outstanding capital stock, as of December 21, or up from an initial holdings equivalent to 3 percent. Campina BV bought a total of 42.18 million shares of Alaska at P3.50 to P4 a share between October and December. One of the deals, which involved the biggest tranche of 38.7 million shares last Dec. 21, was brokered by UBS Securities Philippines. Sources said Campina, a long-time shareholder of Alaska, earlier expressed its interest in increasing its stake in Alaska. It could not yet be determined whether Campina's 7.9-percent interest in the milk company was enough for one board seat. Alaska was incorporated in 1994 and began its operations in 1972 through Holland Milk Products Inc., a partnership between Holland Canned Milk BV and General Milling Corp. The company was listed on the Philippine Stock Exchange in January 1995.

copyright ©2006 INQ7money.net all rights reserved